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> OECD raises global growth outlook for next year but warns of protectionism
risk
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market overview
OECD RAISES GLOBAL GROWTH OUTLOOK FOR NEXT YEAR BUT WARNS OF PROTECTIONISM RISK
* OECD leaves its global growth forecast for 2024 unchanged but raises it for
2025
Justin Low
Tuesday, 03/12/2024 | 23:21 GMT-10
*
*
*
* 0
0 Comments
* 🌎 Global growth forecast for 2024 at 3.2% (unchanged), 2025 at 3.3%
(previously 3.2%), 2026 at 3.3%
* 🇺🇸 US growth forecast for 2024 at 2.8% (previously 2.6%), 2025 at 2.4%
(previously 1.6%), 2026 at 2.1%
* 🇪🇺 Eurozone growth forecast for 2024 at 0.8% (previously 0.7%), 2025 at
1.3% (unchanged), 2026 at 1.5%
* 🇬🇧 UK growth forecast for 2024 at 0.9% (previously 1.1%), 2025 at 1.7%
(previously 1.2%), 2026 at 1.3%
* 🇯🇵 Japan growth forecast for 2024 at -0.3% (previously -0.1%), 2025 at 1.5%
(previously 1.4%), 2026 at 0.6%
Despite no change to the Eurozone forecast for next year, OECD does slash the
outlook for the German economy to 0.7% from 1.1% previously. As for their
overall view going into next year, OECD notes that "rising trade tensions and
further moves towards protectionism might disrupt supply chains, raise consumer
prices, and negatively impact growth".
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